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Nifty, Sensex End Little Changed, Reliance Industries Gains

Reliance Industries, one of India's most valuable companies, closed nearly 3.1 per cent up and was the top boost to the markets on Tuesday.

Photo Credit : Reuters

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Indian shares ended little changed on Tuesday, as investors paused after a two-session rally and waited for further stimulus from the government to revive slowing growth.

The broader NSE Nifty ended 0.1% lower at 11,588.20, while the benchmark BSE Sensex ended flat at 39,097.14.

Shares had rallied after finance minister Nirmala Sitharaman reduced corporate taxes to around 25% from 30% and scrapped the minimum alternative tax for domestic companies on Friday.

Reliance Industries, one of India's most valuable companies, closed nearly 3.1% up and was the top boost to the markets on Tuesday.

IT stocks were also among the top gainers, with the Nifty IT index closing nearly 2% higher. Infosys ended 3.88% up, while Tata Consultancy Services finished 1.56% higher.

Meanwhile, India's top lender by assets State Bank of India fell 4.06%, while JSW Steel dropped 4.19%.

(Reuters)


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